Advanced SearchSearch Tips
The Economics Evaluation of Grid-connected Photovoltaic Systems in Residential Houses
facebook(new window)  Pirnt(new window) E-mail(new window) Excel Download
  • Journal title : KIEAE Journal
  • Volume 15, Issue 6,  2015, pp.5-10
  • Publisher : Korea Institute of Ecological Architecture and Environment
  • DOI : 10.12813/kieae.2015.15.6.005
 Title & Authors
The Economics Evaluation of Grid-connected Photovoltaic Systems in Residential Houses
Lee, Hyun-Seung; Kim, Sung-Bum; Shin, U-Cheul;
  PDF(new window)
Purpose: To evaluate the economic performance of grid-connected photovoltaic system in residential house, household electricity bill policy of Korea Electric Power Corporation (KEPCO) must be applied precisely, and market tendency and uncertainty of system also need to be considered. In this study, to evaluate the economic feasibility of PV system, we measured PV power generation and electricity consumption of six of Green home in Daejeon through web based remote monitoring system. Method: We applied Monte-Carlo simulation based on life cycle cost analysis, to reflect an uncertainty of main factor in economic feasibility evaluation of photovoltaic system. Result: First, with deterministic analysis, the difference of NPV of cumulative financial savings among households varied from -3,310 ~ 24,170 thousand won, portraying notably big range. Also the possibility of getting the same result was 50% when applying uncertainty. Second, the higher electricity consumption is, the more economic feasibility of photovoltaic system increases because KEPCO uses progressive taxation in household electricity bill policy. Third, The contribution to variance of electricity price increases in NPV varied from 98.5% to 99.9%. While the inflation rate and annual degradation contributed very little to none.
Economic evaluation;Green home;Life Cycle Cost analysis;Monte-carlo simulation;Grid-connected photovoltaic system;
 Cited by

김명철, 주재욱, 서간호, 이경희, 최정민, "주거용 건물의 태양광 발전 시스템 투자회수 기간 산정", 한국태양에너지학회 논문집, 제 27권 제 2호, 2007 // (Myung-Chul Kim, Jai-Wook Ju, Gan-Ho Seo, Kyung-Hee Lee, Choi, Jeong-Min Choi, "The Assessment of Payback Period for the Photovoltaic System in Residential Building" Journal of the Korean Solar Energy Society, Vol. 27, No. 2, 2007)

최정민, 주재욱, 김동규, "주거용 건물의 태양광 발전시스템 경제성 평가에 관한 연구", 한국태양에너지학회 논문집, 제 29권 제 6호, 2009 // (Jeong-Min Choi, Jai-Wook Ju, Dong-Gyu Kim, "A Study on the Economic Evaluation of Photovoltaic System in the Residential Building" Journal of the Korean Solar Energy Society, Vol. 29, No. 6, 2009)

김광원, 서윤규, 홍원화, "태양광발전시스템이 적용된 그린홈의 경제성 평가에 관한 연구 - 대구시 달성군 사례를 중심으로", 대한건축학회논문집계획계, 제 30권, 제 5호, 2014 // Kwong-Won Kim, Youn-Kyu Seo, Won-Hwa Hong, "A Study on the Economic Evaluation of Green Home Applied Photovoltaic System - Focused on Dalseung-Gun of Daegu City in South-Korea", Journal of the Architectural Institute of Korea - Planning & Design, Vol. 30, No. 5, 2014

Oracle, Crystal Ball User's Guide Release, 2013

KDI(Korea Development Institute), 2008년도 예비타당성조사 연구보고서, 예비타당성조사 수행을 위한 일반지침 수정보완 연구(제5판), 2008.

J. James, A. Goodrich, M. Woodhouse, M. Margolis, and S. Ong, Building-Integrated Photovoltaics (BIPV) in the Residential Sector: An Analysis of Installed Rooftop System Prices, Technical Report, NREL/TP-6A20-53103, 2011.